Psychemedics Balance Sheet Health
Financial Health criteria checks 4/6
Psychemedics has a total shareholder equity of $6.7M and total debt of $305.0K, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are $12.3M and $5.7M respectively.
Key information
4.6%
Debt to equity ratio
US$305.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.96m |
| Equity | US$6.67m |
| Total liabilities | US$5.65m |
| Total assets | US$12.33m |
Recent financial health updates
Recent updates
There's Reason For Concern Over Psychemedics Corporation's (NASDAQ:PMD) Massive 28% Price Jump
Jan 08
Psychemedics (NASDAQ:PMD) Is Paying Out A Dividend Of $0.07
May 13Psychemedics GAAP EPS of -$0.06, revenue of $6.51M
Aug 09Psychemedics: 21% Sales Growth But Net Loss, Takeover Possibility, Covid Recovery Play
Apr 25Psychemedics: Q3 Revenues +29%, Margins Surge, Possible Corporate Actions Including Dividend
Nov 18Psychemedics: Market Leader, 8% FCF Yield, Possible Takeover Target
Oct 18Psychemedics reports Q1 results
May 10We Think Psychemedics Corporation's (NASDAQ:PMD) CEO Compensation Package Needs To Be Put Under A Microscope
May 07Here's Why Psychemedics (NASDAQ:PMD) Can Afford Some Debt
Mar 05Psychemedics Corp.: Trucking Along Into A Potential Big Catalyst ($21 PT)
Jan 30How Much Are Psychemedics Corporation (NASDAQ:PMD) Insiders Spending On Buying Shares?
Jan 11Psychemedics reports Q3 results
Nov 09Financial Position Analysis
Short Term Liabilities: PMD's short term assets ($6.8M) exceed its short term liabilities ($4.7M).
Long Term Liabilities: PMD's short term assets ($6.8M) exceed its long term liabilities ($945.0K).
Debt to Equity History and Analysis
Debt Level: PMD has more cash than its total debt.
Reducing Debt: PMD's debt to equity ratio has reduced from 8.7% to 4.6% over the past 5 years.
Debt Coverage: PMD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PMD's interest payments on its debt are well covered by EBIT.